NEU vs RIME: Correlation
Measured on weekly returns over the past three years, NewMarket Corp (NEU) and Algorhythm Holdings, Inc. (RIME) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEU and RIME?
On 3 years of weekly data the NEU/RIME correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.34). The 5-year figure is -0.29, and annualized covariance runs at -1886.9 %².
Out of 10 assets tracked against NEU, RIME lands near the bottom at #10. The last year tells two different stories: NEU led by 100.7 percentage points, +14.1% for NEU against -86.6% for RIME. One caveat on sizing: RIME is 7.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NEU vs RIME: side by side
| NEU (NewMarket Corp) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +14.1% | -86.6% |
| 5-year return | +195.8% | -100.0% |
| Volatility (ann.) | 27.9% | 197.4% |
| Beta vs S&P 500 | 0.58 | -0.17 |
| Max drawdown (3Y) | -32.8% | -99.9% |
| Market cap | $8.5B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEU | RIME |
|---|---|---|
| 2022 | -6.7% | -43.3% |
| 2023 | +79.1% | -77.1% |
| 2024 | -1.5% | -91.1% |
| 2025 | +32.3% | -94.4% |
| 2026 | +35.6% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEU and RIME good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NEU and RIME?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.46 over the last year and -0.29 over 5 years.
Is RIME a good diversifier for NEU?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/neu-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/neu-vs-rime/)
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Related comparisons
Hubs: NEU correlations · RIME correlations
